2009-01-12 17:51:02 -

Ares Management LLC today announced the appointment of Greg Margolies as a Senior Partner and head of the firm's Capital Markets Group.


Commenting on Mr. Margolies' appointment, Managing Partner Tony Ressler said: "We are delighted that Greg will be joining Ares. As our firm continues to expand our platform both geographically and across our Private Equity, Private Debt

and Capital Markets activities, Greg's 20 years of finance experience, investing expertise and outstanding business building skills will be a tremendous resource for us."


Added Mr. Margolies: "I am very excited to be joining Ares and becoming a part of such a dynamic and respected company. Ares' outstanding growth and investment performance present a unique opportunity for me to help continue to build what has become one of the most admired platforms across the leveraged finance market."


Mr. Margolies joins Ares from Merrill Lynch, where he served as a Managing Director, head of Global Leveraged Finance and Capital Commitments as well as a member of the Executive Committee of the Investment Banking group. Prior to joining Merrill Lynch in 2003, held senior positions investing in leveraged finance products at both Deutsche Bank's DB Capital unit and the Carlyle Group. Mr. Margolies began his career in career in finance in 1989 at Citibank.


Mr. Margolies earned his B.A. in International Economics and Finance at the University of Michigan and his M.B.A. from University of Pennsylvania's Wharton School.


ABOUT ARES MANAGEMENT LLC:


Ares Management LLC is an alternative asset manager that focuses its investment activities in private equity, capital markets (principally leveraged loans, high-yield bonds, and distressed debt), and private debt (primarily through Ares Capital Corporation [Nasdaq: ARCC], a publicly-traded specialty finance company). Through these three complementary lines of business, Ares has the ability to provide capital to companies at any place in the capital structure and at any stage of development. Ares is an SEC registered investment advisor and has grown committed capital under management from approximately $3.8 billion in 2003 to approximately $30 billion as of the end of 2008. As of December 2008, Ares has approximately 250 employees and is headquartered in Los Angeles, with offices in New York, London Chicago, and Atlanta. For more information, visit the Ares website at www.aresmgmt.com.





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